Fed Dramatically Speeds Up U.S. Payments With FedNow, but Downplays Any Tie to CBDCs

FedNow offers functionality that proponents of cryptocurrencies and blockchains have long championed: making it easier to move money around. The service could, therefore, increase friction between the conventional financial system and crypto – at a time when U.S. regulators have taken aggressive steps to clamp down on digital currencies.